“We have a deal,” White House official Eric Ueland said on Wednesday. The package agreed on is expected to be worth $2 trillion.

Mitch McConnell – the Senate’s Republican majority leader, is expected to speak on the Senate floor shortly about the agreement.

The text of the pact is expected to be available later on Wednesday.

Some perspective:– Trump drove the economy over a cliff by ignoring the COVID-19, lying about it, calling it a hoax, and doing nothing– millions will lose their jobs– businesses will lose $trillions– no amount of economic stimulus now will make Trump a winner– he screwed us

The package is expected to include a $500bn fund to help hard-hit industries. And up to $3,000 direct payments to US families. There is expected to be $350bn for small-business loans, $250nm for expanded unemployment aid and $75bn for hospitals.

The package aims to cushion the economic blow from the pandemic that has killed more than 660 people in the US, shut thousands of businesses and thrown millions out of work.

Almost 100 million people – nearly a third of the population – have been ordered to stay at home.

The money at stake in the stimulus legislation exceeds what the US has spent on national defence, scientific research, highway construction and other programmes.

………………………………..

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

Susbcribe to WTX News

Follow WTX on Twitter

We use cookies to help identify your computer so we can tailor your user experience, track shopping basket contents and remember where you are in the order process. WTX News
Our Cookie Policy

The ​Daily Brief from WTX News​ - An exclusive briefing service, tailored to provide you with summaries of all the latest national and international news; a snapshot of handpicked headlines with all the links delivered direct to you.
We call it perspective - no wishy-washy agendas, no propaganda.